13. The reverse annuity mortgage (RAM) allows retired people to live Off the equity they have in...

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13. The reverse annuity mortgage (RAM) allows retired people to live Off the equity they have in their homes Without having to sell the home.

Explain how a RAM works What is a securitized mortgage?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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